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Automated 4x Trading

100% Automated System

The information superhighway is a strange and wonderful thing. It has brought us so much. And now its brought us a free program to fully automated your forex trading. If you've spent any time in the forex trading circles you've heard about MetaTrader, a free program put out by Metaquotes.net.

It's charting software with a twist. It can also auto trade the 4x market. Opponents of robot trading say that human discretion is needed. A computer can't take the complicated market and formulate profitable trades consistently. True or not?

Does It Work?

I'm going to present a paradox. Discretion is better when trading, unless your discretion isn't any good. In that case it's more harm (way more) than help.

If you can feel the market, if you can look at a chart and just know where the price is going next (and you're right), then just trade your gut feel. A computer will never be able to duplicate you.

However, the number of people who can do that in the entire world is probably less that five hundred. So if you try to trade by gut feel, and you just end up guessing, then automatic trading could be a good thing for you.

Remember though, the computer when trading is following a set of rules. It will follow those every time. Market conditions may change. Your system won't know that, and will still try to trade old rules that may not work.

There are three things you can do to prevent that from happening; make sure you backtest properly, make sure you forward test properly, and make sure you monitor your system.

By backtesting properly, I mean you must test at least your system on several years of data. Also you should test it on another market, if possible. After it has passed that test, you need to demo it for a while, anywhere from two weeks to several months to make sure that it is behaving like it did in the backtest.

Lastly, as you're trading it live watch it. If it starts doing something that is very unlike what it has done in the past, the market may have changed. For example, if your system never took more than five losses in a row and averaged losing streaks of three trades, and now it just took eight losses in a row, that is a great big warning light. Some is wrong. Check it out carefully.

So You Want to Trade Automatic Signals

MetaTrader has it's own programming language. If you're a programmer, creating it should be a problem for you. If you're not, you have two options. You can use their tutorial to learn the language, or you can hire someone to do it for you. Search the forex forums for metaquotes programmers.

The program that you create to trade for you is called an Expert Advisor. After you have programmed one, you attach it to your chart. It then watches the market, and enters a trade when it's rules tell it to.

Since the EA is on your computer, your computer must be running and connected to the internet at all times.

Honestly, more important than being able to program an EA, is the ability to know which indicator should be combined to produce profitable entries and exits. Going over all that now would take much too long.

Lastly, if you really don't want to mess with building your own EA, but you still intrigued by automated 4x trading, you can purchase ready made (profitable) Expert Advisors. Search online for "buy profitable expert advisor" or some such phrase. Good luck!